What the government gives it also takes away.
With your traditional IRA, you get a tax deduction now, but what gets taken from you? That’s right, ordinary income tax when you go to withdraw from your traditional IRA in retirement.
Given that, in today’s episode, Rey Descalso discusses the Roth IRA and you will learn:
* An easy way to explain how Traditional and Roth IRAs are taxed
* Whether now is a good time to pay taxes if you don’t have to
* A way to diversify your tax situation in retirement
* How you can ransom some of your money out of the clutches of your Traditional IRA.
With the current tax code set to sunset in 2026, now is the time to understand and strategize your IRA plan.
Tune in now to learn how to take advantage of these changes.
Resources: Privada Wealth Management | Email